"It makes perfect sense for Condé Nast to open its College doors in London, the fashion capital of the world," said Forbes. "With access to some of the sharpest and most creative minds shaping the fashion, design and interiors industries today, we aim to educate students to the highest level."

While the site's location is still to be decided but hoped to be around central London, the institution will be supported by a board of fashion advisors.